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For Cobb Company, units to be produced are 5,000 in quarter 1 and 6,000 in quarter 2. It takes 1.5 hours to make a finished unit, and the expected hourly wage rate is $14 per hour.
Prepare a direct labor budget by quarters for the 6 months ending June 30, 2011.
A prison official wants to estimate the proportion of cases of recidivism. In examining 250 convicts there are 65 cases. with 99% confidence interval what is the range? How do you figure this type of problem?
The player’s college and the projected draft position for seven players from each conference are as follows. The National Football League (NFL) holds its annual draft of the nation’s best college football players in April each year. Prior to the draf..
If you want to be 99% sure that you have estimated average family food expenditures within $50, how many families do you need to survey?
assume that a procedure yields a binomial distrubition with a trial repeated n times. use the binomial probability
After five years, 20 new cases of breast cancer have occurred. Assume that breast cancer incidence over this time period for average American women in this age group is 7/1000. We wish to test the hypothesis that using hair dyes increases the risk..
Suppose a study is constructed to test a claim, at a 0.05 signifigance level that a population proportion is 40%. A simple random sample of 750 subjects has a proportion of 42%.
what are the appropriate h0 and ha for each of the following research studies? in addition note whether the hypothesis
The seeds were planted in wet soil, and the number of emerging plants were counted. If the solution was not effective and four plants actually sprouted, what is the probability that all four plants emerged from treated seeds?
With probabilities 0.8, 0.1, 0.08 and 0.02 respectively. A particular company offers a $500 deductible policy. If the company wishes its expected profit to be $100, what premium should it charge?
What do you think might have happened if the manufacturer had waited six months instead of four and tested an average weight loss of 30 pounds?
what is the probability that a 20 year old female will live through her 25th year?what is the probability of dying for
What kind of probability uses sample spaces to find out numerical probability that event will happen?
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